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The present study analyses investors’ perceptions of financial planning. The purpose of this empirical investigation was to examine the role of different factors like financial behaviour, financial freedom, financial anxiety, tenure of investment, financial goals, and risk involved in personal financial planning. The study’s targeted population (425) was investors residing in the National Capital Region (NCR), India, which was approached based on purposive sampling techniques. A semi-structured set of questions was employed for collecting the information through Google Forms. SEM was adopted for analysing the primary data and finding the relationship among the factors. The results highlighted the most significant contribution of financial goals in financial planning. Tenure of investment, financial freedom, financial anxiety and risk also showed their relevance for financial planning. Risk has been found to impact financial planning negatively while other factors positively impact financial planning. The study favours financial planning to make sound financial decisions and protect themselves from fraudulent practices. [ABSTRACT FROM AUTHOR]

The main objective of this paper is to investigate the effects of economic freedom and financial freedom on bank stability in 12 Middle-East and North Africa region countries during the period 2005–2020. Using an empirical approach based on the System Generalized Method of Moments, our results reveal that economic freedom, financial freedom, investment freedom and business freedom increase bank stability. A high degree of economic freedom promotes innovation and entrepreneurship and, hence, leads to economic growth and better banking stability. In contrary, we confirm that monetary freedom negatively affects bank stability. The same result was confirmed for the two sub-samples of Middle Eastern countries and North African countries. [ABSTRACT FROM AUTHOR]

With the rapid development of the global economy, trade between nations is becoming more and more closer in the context of economic globalization. People's pursuit of a happy life has also reached a new level, with financial freedom being a goal that an increasing number of people are pursuing on their path to happiness. The objective of this research is to examine in detail the ideas of financial freedom presented in the book "Rich Dad Poor Dad" and to investigate how these ideas may be more effectively applied to individual financial planning in order to attain financial independence, taking into account the current socioeconomic climate. This study employs a range of research methodologies, such as the literature research method, case study method, and qualitative analysis method. It begins by introducing the idea and significance of financial freedom, then analyzes the book's central financial concepts, and finally offers recommendations and strategies for achieving financial freedom in the context of the contemporary socioeconomic environment. The paper concludes by summarizing the findings and anticipating the direction of additional research on financial independence. Changing one's financial concepts, investing in financial education, and generating passive income are the keys to achieving financial freedom, according to this study, which was conducted after extensive research and analysis of the book Rich Dad, Poor Dad. People can also become more financially independent by having a deeper understanding of these concepts. [ABSTRACT FROM AUTHOR]

Financial well-being is becoming more prominent in policy, research, and the financial sector. However, there is a lack of understanding of its meaning, and the vast majority of financial well-being research employs quantitative methods whereas recent literature reviews advocate for qualitative studies into the meaning of financial well-being and its associations with age. We contribute to that by conducting exploratory qualitative research into the phenomenon of perceived financial well-being and its components. It is based on three studies each of which used in-depth semi-structured interviews (N = 47). The first key finding is that youth perceive financial well-being to be comprised of three components: keeping the current lifestyle and making ends meet; achieving desired lifestyle; and achieving financial freedom. In contrast, older groups distinguish only two: keeping and achieving the lifestyle in the present and in the future. The second finding is that the definition of financial freedom differs across age groups. Young people aspire to become financially independent, while middle-aged individuals prioritize supporting their children, and older people are afraid of becoming a financial burden. Third, regardless of age, many do not plan, save or invest for securing their financial well-being. We conclude by proposing implications for increasing financial well-being in different age groups, and suggesting paths for further investigation. [ABSTRACT FROM AUTHOR]

This research aims to explore the role of gender in mutual fund investment choices to achieve financial and time freedom. Through an exploratory qualitative research method, this study collected data through non-depth interviews with respondents consisting of male and female mutual fund investors. Data were analyzed using content analysis to identify main themes. The findings of this research reveal ten main themes, namely: 1) investment definition, 2) type of investment, 3) investment experience, 4) gender factor, 5) inheritance culture, 6) investment feeling, 7) investment application, 8) effective financial management, 9) future goals, and 10) financial and time freedom. These findings indicate significant differences in the selection and management of mutual fund investments based on gender. This study provides new insights into how gender affects investment decisions and how this impacts aspirations for financial and time freedom. This research also recommends how this knowledge can be utilized by financial planners and the mutual fund industry to recognize better and serve the needs of gender-based investors.

This study is realized to identify the factors that impact a country's financial freedom. The data used in this paper are received from the Heritage Foundation database for 180 countries, aiming at the analysis of financial system freedom as an important measure of banking efficiency and independence from government control and intervention in the financial sector. Study findings showed that trade freedom, government integrity, and investment freedom play an important role in defining financial freedom. The role of government in financial freedom proved to be significant in the model. Legal efficiency and monetary freedom after the study did not prove important for determining the financial freedom of a country and consequently were removed from the model studied. Based on the findings of the study, the respective limits and recommendations are discussed. [ABSTRACT FROM AUTHOR]

The main purpose of this paper is to check whether bank profitability benefits from bank diversification by considering the moderating role of the economic freedom (EF) and financial freedom (FF). This paper uses a sample of 83 conventional banks operating in the MENA countries over the period 2005–2020 and, performs an empirical approach based on the System Generalized Method of Moments (SGMM). To get a better understanding and reliable results on the impact of NII on bank profitability, we split the MENA region in two sub-regions. The first block contains the Gulf Cooperation Council (GCC) countries with a sample of 40 banks and, the second covers the non-GCC countries with a sample of 43 banks. Empirical findings of the aggregate analysis reveal that bank profitability is more sensitive to bank diversification and, benefits from more EF and FF. Furthermore, we found that the interaction between bank diversification, EF and FF negatively affects the level of profitability. The results of the disaggregated analysis confirm the same findings concerning the positive effect of EF and FF and the negative effect of the interactional relationship. However, the effect of bank diversification differs across the two sub-samples. [ABSTRACT FROM AUTHOR]

Using a sample of mergers and acquisitions (M&As) from 26 countries over 2000–2018, we find that domestic institutional investors facilitate both domestic and cross‐border M&As. The facilitation effect is more pronounced for domestic than cross‐border M&As. When the acquirer country has greater financial freedom or better investor protection than the target country, domestic institutional investors facilitate cross‐border M&As more effectively. As Ordinary Least Squares regressions are not the best approach regarding cross‐border M&As, we confirm that the main results are robust to Zero‐inflated Poisson regressions. Foreign institutional investors' influence on cross‐border M&As is stronger when the sample excludes the United States. [ABSTRACT FROM AUTHOR]

The financial behavior of Gen Z nowadays will have impact to the future of Indonesia as a nation. According to data provided by BPS (2020), in the year 2030 Indonesia will face demography bonus, where the composition of population will be dominated by Gen Y (27.94%) and Gen Z (25.87%). Therefore, Gen Z must be prepared to be able to contribute to further improving Indonesia economics. The purpose of this community service activity is to provide training to Gen Z regarding Islamic financial planning and management, so that Gen Z can achieve financial freedom in the future activity. Community service was held on 30 Jun 2022 at SMK Islam Malahayati, with 75 students as participants. The method used in this training is participatory. The material is delivered through lectures, followed by the practice of financial planning and financial management, as well as discussions and questions and answers from participants. The participants were enthusiastic and listened to the material well. It could be seen from the results of the answers to the questions given through the questionnaire. Not only that, the participants also gave positive feedback on this activity.

Executive Summary: The study examines the role of economic freedom in the relationship between financial inclusion and stability in sub‐Saharan African economies. By employing the System General Method of Moment and data from 39 sub‐Saharan African countries between 2004 and 2017, the study examines whether economic freedom (i.e., financial and business freedom) conditions the effect of financial inclusion on stability. Results from the study show evidence of a positive impact of financial inclusion on financial stability in sub‐Saharan African economies. Again, the results depict that financial inclusion could better enhance financial stability in economies with a high level of economic freedom (i.e., financial and business freedom). The results suggest that policymakers should allow financial institutions to operate with the level of freedom required to provide services at the lowest possible price. Further, it is recommended that policymakers should ensure that administrative requirements are minimal, bureaucracy costs are lesser, and licensing regulations for startups and expansion of existing firms are friendly. With this, associated increases in business and financial freedom would have promising implications for the relationship between financial inclusion and stability. Managerial Implications of the Study: This research is very vital for firms in both the financial and nonfinancial. Specifically, managers of firms in the financial sector can embrace the level of financial freedom that would be allowed by the government, to come up with new and inclusive financial products, while putting in measures not to endanger the stability of the financial sector. Managers in the business sector could also take advantage of the business freedom that would be allowed by the government to diversify business operations, increase profitability and avoid causing nonperforming loan problems to banks. Originality/Value: The study provides the first insight into how economic institutions condition the effect of financial inclusion on financial stability, which has not been previously studied. [ABSTRACT FROM AUTHOR]

This study conducts a comparative analysis of the factors affecting financial inclusion in Kenya and Ethiopia at macro and micro levels. A generalized linear model is used to examine the determinants of and barriers to financial inclusion using the 2017 Global Findex Database, whereas a descriptive analysis is used to explore their macro-level differences. Kenya has a higher level of financial inclusion than Ethiopia. Differences in financial liberalization policy, gross domestic product, percentage of rural population, and mobile money service expansion are some macro-level differences that explain this variation. Differences in literacy rates and means of receiving payments such as government transfers explain some of the micro-level variations between the two countries. In addition, gender, age, employment status, and owning a mobile phone have significant and positive effects on financial inclusion. However, lack of documentation, lack of trust, and lack of money are significant barriers to financial inclusion. [ABSTRACT FROM AUTHOR]

Financial freedom is now the goal of human life. The view of success can be achieved if humans have reached the point of independence in their finances. This makes people be required to be good at saving and controlling their finances in conditions of high consumerism culture. One way that the community can take to achieve this goal is to invest in financial instruments that are now growing a lot. One of them is Peer to Peer (P2P) lending in financial technology. This study was aimed at analyzing the effect of financial technology on people's decisions to invest. The methods used are descriptive analysis and logistic regression. The results of the statistical test were the coefficient value of 0.179 with a T value of 2.587 and a P-value of 0.010. The coefficient value of 0.179 means that if the Financial Technology increased by 1 point, the probability of an investment decision would increase by 0.179 and vice versa. The T-value of 2.587 was more than the T-table (1.96) and the P-value (0.010) was less than 0.05, so the alternative hypothesis (H1) was accepted. Therefore, it means that Financial Technology had a positive and significant impact on investment decisions.

This study explores the impact of investment, financial, and trade freedom on banks' risk-taking and stability of US banks by employing two-step system GMM approach over the extended period from 2002 to 2018. The findings provide evidence that financial freedom decreases risk-taking, while investment and trade freedom increase US larger banks' risk-taking. The results show that investment and trade freedom is beneficial for the stability of banks in the US. The heterogeneity in results indicates that financial freedom reduces the risk-taking, whereas trade and investment freedom increase the risk-taking of well-capitalized and high liquid banks. In contrast, in the case of undercapitalized and low liquid banks, the impact of financial, trade, and investment freedom on risk-taking is insignificant. The result demonstrates that the government's intervention is decisive in developing the degree of economic freedom for the financial system's stability. The finding of the study has practical implications for banks manager, regulators, and policymakers.

Abstract. This study was to explore the meaning of money in the Charismatic Pentecostal perspective. The method used was descriptive analysis through literature study. Through this study it was concluded that the Charismatic Pentecostals see the money is not merely needed to meet the daily life needs, it’s also as means of service to God. Service to God itself is not limited only in the form of ecclesiastical ministry, but also includes every work to promote a good life in this world. Abstrak. Penelitian ini berusaha mencermati pemaknaan uang dalam prespektif Pentakosta Karismatik. Metode yang digunakan adalah deskriptif analisis melalui kajian literatur. Berdasarkan kajian penelitian ini kaum Pentakosta Karismatik berpandangan bahwa uang selain dibutuhkan untuk mencukupi kebutuhan hidup sehari-hari, uang juga sebagai sarana pelayanan kepada Tuhan. Pelayanan kepada Tuhan itu sendiri tidak dibatasi hanya dalam bentuk pelayanan gerejawi, tetapi mencakup juga setiap karya untuk mewujudkan kehidupan yang baik di dunia ini.

This study examines how business, financial, monetary, and trade freedom influence Turkiye's green growth from 1995 to 2022, utilizing the ARDL approach to cointegration. Our results confirm the long-term cointegration among the variables. Robustness tests, such as Fully Modified Ordinary Least Squares (FMOLS) and Dynamic Ordinary Least Squares (DOLS), consistently show that business and trade freedom hinder Turkiye's green growth. Financial freedom and monetary freedom consistently foster it. Business freedom and heightened trade freedom lead to increased fossil fuel consumption, whereas monetary freedom stabilizes Turkiye's currency, and financial freedom promotes entrepreneurship. Enhancing eco-friendly energy sources and investing in green technologies are crucial for promoting sustainable growth, reducing production costs, fostering entrepreneurship, and encouraging competition. The fact that the impact of these variables on green growth in Turkiye has not been studied before makes the study's findings novel. • Financial freedom boosts Turkiye's green growth, with renewable energy usage up 478% from 1995 to 2022. • Stable monetary policies and independent central bank create a reliable environment for green investments and stability. • Increased trade freedom negatively impacts green growth due to the influx of carbon-intensive products and technologies. • Higher business freedom increases fossil fuel use and environmental degradation, hindering green growth efforts. [ABSTRACT FROM AUTHOR]

In this study, the interrelation between bank concentration and stability is examined, focusing on the joint impact of capital regulation and financial openness. Using the data from the Global Financial Development Database provided by the World Bank and the Index of Financial Freedom from The Heritage Foundation and The Wall Street Journal, a sample of five countries in Central Asia was obtained, specifically during 1993-2017. The results show that the relationship between bank concentration and stability supports the concentration-stability hypothesis. Moreover, higher concentration and well-capitalized banks increase financial stability. However, the effect of bank concentration and financial freedom on stability is negative and significant. Capital regulation and supervision from authority control in the financial sector need to be strengthened to solve financial instability. [ABSTRACT FROM AUTHOR]

This paper provides some interesting insight into the impact of financial freedom and inter-industry competition on commercial banking sector competition in Sri Lanka. The study used a broader set of panel data and employed Panzar-Rosse approach to estimate the degree of bank competition. The size of the country's stock market capitalization and non- banking financial sector performance were used to measure inter- industry competition, whereas financial freedom index was used to measure the freedom of financial institution to contest in the market. The sample covered the whole commercial banking sector which includes 25 banks over the period from 1996 to 2018. Surprisingly, the results did not provide evidence for direct impact of financial freedom on bank competition in the country. However, study found a strong evidence for positive implications of non-banking sector performance on bank competition. The stock market performance is found to be negatively associating with bank competition. Hence formulating policies enabling competitiveness within financial market could be suggestive as it would certainly cause positive implications on the banking sector competitiveness.

Copyright of Financial Space is the property of Cherkasy Institute of Banking, University of Banking of the National Bank of Ukraine and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The life insurance industry has experienced phenomenal growth over the years. The broad aim of this study was to establish the variables that influence the demand for life insurance in the BRICS countries (Brazil, Russia, India, China and South Africa). Although many studies have investigated the determinants of life insurance demand, little research has considered the supply-side factors such as financial regulation. Therefore, this study also contemplated the effect of the financial regulation variable on life insurance demand. The inquiry employed a panel of the BRICS bloc of countries as a unit of analysis for 1999–2020 and applied panel data econometric techniques. The study found that the life insurance demand variable (proxied by life insurance density and alternatively by life insurance penetration) was negatively affected by income, unemployment, interest rates and inflation variables. Furthermore, the study documented a positive relationship between life insurance demand and the economic growth and financial freedom variables. This study implies that regulatory authorities should deregulate the life insurance sector to foster financial freedom. [ABSTRACT FROM AUTHOR]

Individuals reach decisions at every moment of their daily lives. They become happy as long as the benefit of these decisions is above their cost. If real life worked under a complete information hypothesis, all the individuals would live happily forever. In this situation, correct decision making becomes a very important subject for the individuals. There are many decision-making methods. There is no general consensus as to which one of them gives the best solution. Instead, it is suggested to conduct sensitivity analysis in the issue of the reliability of the MCDM methods or comparison to another method. This study compares EDAS and COPRAS methods. For this, the results obtained from EDAS method have been compared to COPRAS and EFI methods. All three methods give the same performance results. The found results are statistically significant. This result supports the strong relationship existing among MCDM methods. [ABSTRACT FROM AUTHOR]

Copyright of Económicas CUC is the property of Corporacion Universidad de la Costa, CUC and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The life insurance industry has experienced phenomenal growth over the years. The broad aim of this study was to establish the variables that influence the demand for life insurance in the BRICS countries (Brazil, Russia, India, China and South Africa). Although many studies have investigated the determinants of life insurance demand, little research has considered the supply-side factors such as financial regulation. Therefore, this study also contemplated the effect of the financial regulation variable on life insurance demand. The inquiry employed a panel of the BRICS bloc of countries as a unit of analysis for 1999–2020 and applied panel data econometric techniques. The study found that the life insurance demand variable (proxied by life insurance density and alternatively by life insurance penetration) was negatively affected by income, unemployment, interest rates and inflation variables. Furthermore, the study documented a positive relationship between life insurance demand and the economic growth and financial freedom variables. This study implies that regulatory authorities should deregulate the life insurance sector to foster financial freedom.

This paper provides some interesting insight into the impact of financial freedom and inter-industry competition on commercial banking sector competition in Sri Lanka. The study used a broader set of panel data and employed Panzar-Rosse approach to estimate the degree of bank competition. The size of the country's stock market capitalization and non-banking financial sector performance were used to measure inter-industry competition, whereas financial freedom index was used to measure the freedom of financial institution to contest in the market. The sample covered the whole commercial banking sector which includes 25 banks over the period from 1996 to 2018. Surprisingly, the results did not provide evidence for direct impact of financial freedom on bank competition in the country. However, study found a strong evidence for positive implications of non-banking sector performance on bank competition. The stock market performance is found to be negatively associating with bank competition. Hence formulating policies enabling competitiveness within financial market could be suggestive as it would certainly cause positive implications on the banking sector competitiveness. [ABSTRACT FROM AUTHOR]

Copyright of Al Bashaer Economic Journal is the property of Al Bashaer Economic Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study empirically examines how the bank specific factors, macro-economic, and institutional variables impact interest margins in China's banking sector. A panel data analysis of bank data for the period 1988-2015 was carried out. We found a significant association between credit quality, risk aversion, liquidity risk, and the proportion of corporate and industrial loans and the adjusted interest spread (AIS). GDP growth rate, inflation, and the proportion of national savings to the GDP were found to have significant association with the AIS. Furthermore, institutional variables were found to have a significant moderating effect on the AIS. We contribute to the literature by examining a unique context and a more accurate measure of bank interest margin not used in prior studies. [ABSTRACT FROM AUTHOR]

Copyright of Dictamen Libre is the property of Universidad Libre Seccional Barranquilla and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Financial life planning is essential to take some steps forward in one's financial journey to reach the destination of financial freedom. This paper focuses on overall performance of an individual to create more wealth, which is not possible without a peaceful mind and social security. Insurance plays a significant role in providing both the peaceful mind and social security. In the present age of widening income inequality throughout the globe, there is a need for preparing individual financial planning to achieve the financial freedom in their life cycle. The paper suggests how to make individual financial planning more successful and highlights the importance of insurance in one's life. The paper is descriptive and exploratory in nature. The paper attempts to suggest how to make financial life planning through different types of insurance policies in order to get through the financial journey settling the issues of financial crisis, inflation etc. in one's life cycle. [ABSTRACT FROM AUTHOR]